A journal entry to record a receipt of rent revenue in advance will include a

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When rent revenue is received in advance, it is recorded as a liability, because the revenue has not yet been earned. Therefore, a credit is made to the liability account "unearned rent." A cash receipt is also recorded, which results in a debit to the cash account. The rent revenue account is not affected until the revenue is actually earned by providing the rental service.

A Journal Entry to Record a Receipt of Rent Revenue